A destroyed refinery By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks. Also, the company said 63 illegal pipeline connections were uncovered during the the weeks . The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge. According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation. It further said that two large boats, which involve
Seplat Energy Plc, yesterday, refuted the claims in some quarters that its Chief Executive officer, Mr Rogers Brown, who stepped aside briefly in order to clear some burning issues pertaining to his office,violated some corporate governance issues in the country.
The firm, in a statement signed by the Chairman, Board of Seplat, Mr Basil Omiyi and made available to the News Mirror, expressed confidence in its CEOs, stating that the ex-parte interim order passed recently by Justice C.J Aneke in order to restrain Rogers Brown from operating as Seplat's helsman for seven days was unconstitutional.
Aneke was of the Federal High Court sitting in Lagos.
The Board believes these allegations are a spurious and vindictive reaction to its enforcement of corporate governance standards and a determination to continue to uphold their fiduciary duties and loyalty to the Company. As a result of this, the Board has no option other than to pass a vote of confidence in Mr Brown as the CEO.
" The interim orders are premised on allegations of unfair, prejudicial, and offensive acts by the Chairman, CEO and all of the Independent Non-Executive Directors (INEDs) of Seplat Energy" it added.
The Order allows the Chairman, Mr. Basil Omiyi, and all the INEDs of Seplat Energy to continue running the affairs of the Company on the basis that it is in accordance with Nigerian law. Mr. Brown has delegated authority to Mr. Samson Ezugworie, Chief Operating Officer, to act as CEO during the period that he is required to step back from his executive duties." the statement added.
Continuing further, the Board listed the allegations against the CEO of Seplat to include the site visit organised for a number of major shareholders of the company, cancellation of some catering and landscaping contracts, and introduction of a new job performance rating.
Recall that Brown became Seplat's CEO in 2020 and since then Nigerian nationals have been appointed to the company’s most important positions, including Chairman, Senior Independent Non[1]Executive Director, Chief Financial Officer and Chief Operating officer.
Added to this was the promise made by Seplat to follow due process of law in responding to the allegations before the court and also maintain its operational excellence and act in line with the best corporate governance standards.
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